Homeowners with federally backed mortgages can pause their monthly bill for up to a year. But they may get hit with a balloon payment at the end.
It looks like refinancing is making a comeback in the housing market. Dropping interest rates have brought a spike in applications to refinance mortgage loans. According to a report from financial analysts Black Knight, about 5 million homeowners in the…
The Federal Housing Administration is growing concerned that lenders are allowing some first-time home buyers to take on too much risk. Earlier this month, the FHA told lenders that it will flag more loans as high risk, and raise the…
A report from Reveal looks at racial discrimination in the mortgage business and the legacy of redlining.
It’s all thanks to ITINs — individual tax identification numbers.
Traditional lenders have shied away from financing the trendy homes, but that could change next year.
Fannie Mae overhauls a loan option to reflect economic realities.